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You won the lottery with a prize of $10 million. The money will be paid out over 20 years. You would prefer to receive all

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You won the lottery with a prize of $10 million. The money will be paid out over 20 years. You would prefer to receive all of the money now. The Lottery Commission offers you the option of a lump sum settlement, but will discount the payments at an annual rate of 7%. What will your payout be

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